Catalyst Housing returns to shift old stock
UK housing association Catalyst Housing came back to the sterling corporate bond market on Tuesday with £50m of the £100m it retained from a £250m long dated dual tranche bond issue, which was priced in October 2017. The deal was illustrative of the buoyant conditions for borrowers.
“The market is certainly receptive to [new issues],” one banker away from the deal said. “For blue chip European companies, there is a market if they were not looking to do anything strategic or ambitious. If they wanted to do some regular funding, that’s fine.”He added that ...
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